US markets fall during the Jan. 10-14 trading week
The Dow Jones Industrial Average fell 319.85 points or 0.88% to 35,911.81 and the S&P 500 dropped 14.18 points or 0.30% to 4,662.85. Spot gold climbed US$21.10 per oz. or…
Iron Ore
Rio Tinto to transport iron ore in Pilbara via battery-electric trains
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is buying four battery-electric trains from U.S.-based Wabtec (NYSE: WAB) for use at its Pilbara iron ore mines in Western Australia, as part…
Update: Heavy rainfall temporarily halts Vale’s rail operations and production in Brazil
Owing to heavy rainfall in the eastern Brazilian state of Minas Gerais, Vale (NYSE: VALE) has partially suspended train service on its Estrada de Ferro Vitória a Minas (EFVM) rail…
RANKED: World’s top 20 biggest iron ore operations
Iron ore is the base metal used to make steel – and steel is the most commonly used alloy in the world. From its first known uses as a metal…
Decarbonization plays the metals fiddle in 2022
The recent 26th edition of the Conference of the Parties (COP26) brought about renewed vigour to phase down carbon dioxide emissions across the globe. Still, to get there, the mining…
Mining tycoon Beny Steinmetz arrested in Greece
The Israeli billionaire, who was convicted of minerals rights-related bribery in January by a Swiss court, remains in the country.
Asteroid “ideal for mining exploration” to enter Earth’s orbit next week
An asteroid as big as a football field that has been singled out by scientists as an ideal target for a mining exploration mission, will break into Earth’s orbit on…
Global shift to ‘green steel’ will require US$278B investment by 2050: report
The global steel industry could be almost completely decarbonized by 2050 with an investment of US$278 billion in clean capacity and retrofits to existing production, according to BloombergNEF’s new report, Decarbonizing Steel: A Net-Zero Pathway. A move…
US markets fall, Nov. 22-26
The Dow Jones Industrial Average dropped 1.97% o 702.64 points to finish the November 22-26 trading week at 34,899.334, and the S&P 500 fell 2.20% or 103.34 points to 4,594.62….
TSX tumbles, Nov. 22-26
The S&P/TSX Composite Index fell 1.99% or 429.10 points to finish the November 22-26 trading week at 21,125.90 points. The S&P/TSX Global Mining Index was down 0.76% or 0.76 points…
London-based Tembo Capital raises US$380 million for third mining fund
In October, U.K.-based Tembo Capital, a leading investment advisor in the metals and mining sector, closed its third mining fund with commitments of US$380 million. The fund will focus on…
The View from England: Fuse lit for American ironworkers
Friday November 5 saw fireworks on either side of the Atlantic. Just as the big bangs were fading on Guy Fawkes Night in the United Kingdom, rockets were going off…